Question

how Will you explain the term employment what is difference between disguised unemployment and reasonal unemployment​

Answer 1

Answer:

Employment is a relationship between two parties, usually based on contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

Seasonal Unemployment:

• Getting employment only for the part of the year in certain sectors, like agriculture is called seasonal unemployment.

• It is mostly found in agro-based industry.

• It is found both in rural as well as urban areas.

• There are certain busy seasons when sowing, harvesting, weaving and threshing is done.

Disguised Unemployment:

• A situation wherein marginal productivity of labour is zero. It is not visible and found among wage earners, mostly in agriculture.

• It is mostly found in agriculture
• It is found in rural sectors only.

• The work requires the service of five people but engages eight people.